Korea Large Power Transformers: Prelim AD Cash Deposit/Bond Rates Take Effect
The International Trade Administration has made a preliminary affirmative antidumping determination that large power transformers from Korea are being, or are likely to be, sold in the U.S. at less than fair value (A-580-867). The ITA found preliminary AD rates of 21.79% to 38.07%, which are officially effective as of February 16, 2012. U.S. Customs is expected to implement these AD cash deposit/bond requirements soon.
AD Suspension of Liquidation and Cash/Bond Requirements
The ITA will instruct CBP to suspend liquidation for all entries of subject merchandise from Korea that are entered, or withdrawn from warehouse, for consumption on or after February 16, 2012.
The preliminary AD cash deposit, or bond posting, rates are as follows:
| Manufacturer/Exporter | Prelim AD Rate | ||||||
| Hyundai Heavy Industries, Co., Ltd. | 21.79% | ||||||
| Hyosung Corporation | 38.07% | ||||||
| All Others | 29.93% |
(The period of investigation is 07/01/2010-06/30/2011. See ITA’s notice for more information, including the postponement of the final determination until on or about June 30, 2012, scope (which is unchanged from the initiation), suspension of liquidation, etc.
See ITT’s Online Archives 12021320 for summary of the ITA’s fact sheet on this preliminary determination. See ITT’s Online Archives 11081111 for summary of initiation of this investigation.)
ITA contact -- David Cordell (202) 482-0408 or Brian Davis (202) 482-7924